Ppc shifters - Study guides, Class notes & Summaries
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ECON 130 Test + Exam || Questions and 100% Verified Answers.
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PPC Shifters correct answers 1. Change in quality or quantity of resources. 
 
2. Change in technology. 
 
Equilibrium is the state that correct answers Where supply meets demand. 
 
The system moves towards spontaneously. 
 
Opportunity cost correct answers The next most desirable alternative given up to make a choice. 
 
Market correct answers 
 
Time is correct answers a scarce resource for everyone. 
 
Utility correct answers 
 
Capital correct answers refers to things that have already be...
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AP Macroeconomics Exam Questions Marking Scheme New Update (Verified A+ Pass)
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AP Macroeconomics Exam Questions Marking Scheme New Update (Verified A+ Pass) 
 
Movement on Short-Run Phillips Curve - Answers - Shift in AD (graph movement is in opposite direction) 
 
Shift of Short-Run Phillips Curve - Answers - Shift in SRAS (shift is in opposite direction) 
 
Shift of Long-Run Phillips Curve - Answers - Factors of Production/Shift in LRAS (shift is in opposite direction) 
 
Factors of Production - Answers - 1. Land 
2. Labor 
3. Capital 
4. Technology 
5. Sometimes Foreign...
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AP Macroeconomics Review Test Exam Questions Verified Solutions Current Update (A+ Pass)
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AP Macroeconomics Review Test Exam Questions Verified Solutions Current Update (A+ Pass) 
 
Movement on Short-Run Phillips Curve - Answers - Shift in AD (graph movement is in opposite direction) 
 
Shift of Short-Run Phillips Curve - Answers - Shift in SRAS (shift is in opposite direction) 
 
Factors of Production - Answers - 1. Land 
2. Labor 
3. Capital 
4. Technology 
 
Shifters of Demand for Loanable Funds - Answers - 1. Incentive to Invest 
2. Contractionary Fiscal Policy (to the right) 
 
...
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ECN 211 ASU Final Exam With Questions and Correct Answers Graded A+.
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ECN 211 ASU Final Exam With Questions and Correct Answers Graded A+. 
The Circular Flow Diagram - ANSWER Green arrows represent the flow of money and red 
represents to flow of goods/services 
Production possibilities Frontier/ Curve PPF: PPC - ANSWER The curve shows what is 
possible within an economy 
D- impossible 
A&B - feasible efficient 
C - feasible & inefficient 
PPF shifts out when... - ANSWER the economy can produce more of everything 
Opportunity Cost - ANSWER the cost of what you giv...
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ECN 211 ASU Final Exam With Questions and Correct Answers Graded A+.
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ECN 211 ASU Final Exam With Questions and Correct Answers Graded A+. 
The Circular Flow Diagram - ANSWER Green arrows represent the flow of money and red 
represents to flow of goods/services 
Production possibilities Frontier/ Curve PPF: PPC - ANSWER The curve shows what is 
possible within an economy 
D- impossible 
A&B - feasible efficient 
C - feasible & inefficient 
PPF shifts out when... - ANSWER the economy can produce more of everything 
Opportunity Cost - ANSWER the cost of what you giv...
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ECN 211 ASU Final Exam Marburger questions with correct answers|100% verified
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ECN 211 ASU Final Exam Marburger questions with correct answers 
The Circular Flow Diagram Correct Answer-Green arrows represent the flow of money and red represents to flow of goods/services 
 
Production possibilities Frontier/ Curve PPF: PPC Correct Answer-The curve shows what is possible within an economy 
D- impossible 
A&B - feasible efficient 
C - feasible & inefficient 
 
PPF shifts out when... Correct Answer-the economy can produce more of everything 
 
Opportunity Cost Correct Answer-t...
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ECN 211 ASU Final Exam Marburger Questions And Answers
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ECN 211 ASU Final Exam Marburger Questions And Answers 
The Circular Flow Diagram - ANS Green arrows represent the flow of money and red represents to flow of goods/services 
 
Production possibilities Frontier/ Curve PPF: PPC - ANS The curve shows what is possible within an economy 
D- impossible 
A&B - feasible efficient 
C - feasible & inefficient 
 
PPF shifts out when... - ANS the economy can produce more of everything 
 
Opportunity Cost - ANS the cost of what you give up to g...
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AP Macroeconomics Exam Questions With Correct Answers
- Exam (elaborations) • 38 pages • 2024
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AP Macroeconomics Exam Questions With 
Correct Answers 
Movement on Short-Run Phillips Curve - answerShift in AD (graph movement is in opposite 
direction) 
Shift of Short-Run Phillips Curve - answerShift in SRAS (shift is in opposite direction) 
Shift of Long-Run Phillips Curve - answerFactors of Production/Shift in LRAS (shift is in 
opposite direction) 
Factors of Production - answer1. Land 
2. Labor 
3. Capital 
4. Technology 
5. Sometimes Foreign Trade 
Shifters of Demand for Loanable Funds...
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ECON 304 Final Exam - Questions with Verified Answers
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ECON 304 Final Exam - Questions with Verified Answers The law of demand suggests that as price rise the quantity of a good purchased will also rise. False When drawing a graph of demand, price is generally placed on the vertical axis. True Changes in the price of a good are considered demand shifters. False Demand is defined as the various quantities of a good or service that people are willing and able to buy at various prices during some time period. True The law of demand is a fairly weak l...
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ECON 102 Exam 1 Latest Update 100% Pass
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ECON 102 Exam 1 Latest Update 100% Pass Economic Analysis People making decisions economic wat of thinking 
Choices: Costs and Benefits Performing a certain economic action will increase our well-being if the benefits are greater than the costs (choices are the result of scarcity) 
Self Interest The pursuit of one's own goals (does not always mean increasing one's wealth; could also include prestige, friendship, love, and feeling good) 
Rationality Assumption The assumption that people do not ...
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